FormFactor (NASDAQ:FORM) Releases Earnings Results, Misses Estimates By $0.14 EPS

FormFactor (NASDAQ:FORM) posted its earnings results on Wednesday. The semiconductor company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14), Zacks reports. FormFactor had a net margin of 18.29% and a return on equity of 5.38%. FormFactor updated its Q1 2025 guidance to 0.030-0.110 EPS.

FormFactor Stock Down 7.8 %

Shares of FormFactor stock traded down $3.22 during trading on Thursday, hitting $37.90. 1,850,894 shares of the stock traded hands, compared to its average volume of 797,495. The stock’s fifty day simple moving average is $43.00 and its 200 day simple moving average is $44.35. FormFactor has a 52-week low of $32.71 and a 52-week high of $63.63. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.94 billion, a P/E ratio of 21.85 and a beta of 1.07.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the transaction, the chief executive officer now owns 522,531 shares in the company, valued at $23,221,277.64. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 12,000 shares of company stock worth $496,040 over the last quarter. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FORM shares. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and increased their target price for the company from $44.00 to $51.00 in a research report on Monday, January 6th. TD Cowen lowered their price target on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. B. Riley downgraded FormFactor from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $64.00 to $34.00 in a research report on Thursday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of FormFactor in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $51.00.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.